Couchbase's Earnings: A Preview
Portfolio Pulse from Benzinga Insights
Couchbase (NASDAQ:BASE) is set to release its latest quarterly earnings report on Wednesday, 2023-09-06. Analysts estimate an earnings per share (EPS) of $-0.22. Last quarter, the company beat EPS by $0.05, which was followed by a 28.12% drop in the share price. Shares of Couchbase were trading at $17.04 as of September 04, with a 52-week increase of 15.56%.
September 05, 2023 | 3:01 pm
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Couchbase is expected to report an EPS of $-0.22 in its upcoming earnings report. The company's stock price dropped 28.12% the day after it beat EPS estimates last quarter.
Couchbase's stock price dropped significantly after it beat EPS estimates last quarter. If the company beats estimates again, investors may anticipate a similar reaction and sell their shares, driving the price down. However, if the company provides positive guidance for the next quarter, it could offset some of this potential negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100